The Inventory Balancing Act
Too much inventory ties up capital. Too little means lost sales. Finding the right balance is critical for profitability.
Reorder Points
Calculate reorder points based on lead time, average daily usage, and safety stock levels to automate purchasing decisions.
Safety Stock
Maintain safety stock to buffer against demand variability and supply chain disruptions.
Demand Forecasting
Use historical data and trends to predict future demand and adjust inventory levels accordingly.